Greener homes increase value, says research

New research claims that by improving the energy efficiency of a house, it can add value to it

By Nicole Hamer |

13:10 18 June 2013

A new study has claimed that improvements made to a house in regards to energy-saving may increase the value of the property.

 

Governmental research suggests that by bettering the energy efficiency of a house this could up the price.

 

According to the research, the price of a home could be increased on average by 14per cent through making energy-saving improvements.

 

One way in which it claims energy-saving could be improved is by perhaps adding insulation to your home.

 

The study, which relates to 300,000 building sales in England, was conducted by The Department of Energy and Climate Change from 1995 up to two years ago.

 

It suggests that by an individual shifting their property banding up (for example from band G to band E) it may add £16,000 to it.

 

Greg Barker, the Energy and Climate Change Minister, said: “Not only can energy efficient improvements help protect you against rising energy prices, but they can also add real value to your property.”

 

The study comes prior to the figures for the Government’s Green Deal; a scheme which relates to energy efficiency in a property.